The latest news
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong
H&M’s Q1 results showed the company increasing operating profit, net profit and sales in the three months to the end of February. But challenges remain and many spring season sales have been delayed by cold weather.
High-end rental and resale report could see rapid fivefold growth says Bloomberg study
There's a massive opportunity in the rental and resale market with Bloomberg Intelligence saying in a new report that the higher end of this market could grow fivefold as soon as 2025 with resale a particular focus.
Jimmy Choo Academy in link with Oxford University’s Saïd Business School
The Jimmy Choo Fashion Academy (JCA) is increasingly making an impact and is likely continue doing so with the announcement of a “unique partnership” with Oxford University’s Saïd Business School
GXO Direct launches warehousing solutions for UK SMEs
It’s big in the world of UK and Ireland logistics with a client list already including M&S, ASOS, and Matchesfashion. But GXO has now launched GXO Direct in the UK offering shared warehousing solutions for smaller firms.
Alibaba's breakup lifts hopes China's regulatory winter is thawing
Alibaba Group's plans for a major revamp have been taken as a signal that Beijing's regulatory crackdown on corporates is ending, propelling its shares higher and boosting investor confidence.
Vietnam's Vincom Retail in stake sale talks with strategic investors
Vietnam's largest conglomerate, Vingroup, is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday.
London Lions launch jacket collaboration with Beautiful Struggles brand
Pro basketball team The London Lions has secured a “landmark collaboration” with fashion label Beautiful Struggles to produce a limited edition Euro Varsity Jacket.
Schoeller launches Re-Source fabric collection
The collection is made entirely from bio-based, post-consumer and pre-consumer materials. Schoeller will present its recycled fabric collection at the upcoming Performance Days in Munich.
Safesize secures €14m funding for international growth
Greek retail tech company SafeSize has raised €14 million in Series B funding with participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners.
Next has good year, says price rises will slow
Fresh from news of its latest acquisition — Cath Kidston — Next has reported its annual results and as is usually the case with the company, it achieved a performance many peers would envy.
New Look boosts CX, logistics with ParcelLab, Wincanton link-ups
New Look has been ramping up its CX and logistics capability with news this week of two developments on the less glamorous side of the fashion industry.
Registrations open for Texworld, Apparel Sourcing NYC Summer 2023
Registration for the summer 2023 edition of Texworld New York City, Apparel Sourcing NYC, and Home Textiles Sourcing is now open for attendees.
Next confirms Cath Kidston acquisition for £8.5m
Next has confirmed its widely expected purchase of the Cath Kidston brand. In the briefest of stock exchange announcements the company said it's paying £8.5 million for the brand.
Footfall set for big Easter boost as consumers bide their time
Expect this year’s long Easter weekend to be strong for UK retail. That’s the forecast from MRI Springboard, which thinks shoppers are “holding back in anticipation”.
Landsec takes full control of St David’s mall, buys adjacent ex-Debenhams space too
Landsec now owns all of the successful St David's shopping centre in Cardiff, as part of the commercial property giant’s bid to build on “operational and strategic momentum”.
Inditex discontinues sustainability label 'Join Life'
Inditex has discontinued its sustainability label eight years after its launch, as stated in the group's annual report 2022. Last year, 'Join Life' products represented 61% of Inditex's offer.